Market Monitor: Insights from Mawer’s David Ragan

In this three-minute video, David Ragan, Portfolio Manager with Mawer Investment Management provides an overview of current investment opportunities in a shifting economic landscape. David discusses how recent and anticipated interest rate cuts are creating favorable conditions for investors by lowering the cost of equity and debt, effectively acting as a global tax reduction for businesses. These macroeconomic changes are encouraging investment and growth across various sectors. 

A key theme discussed is the strategic approach to artificial intelligence (AI) investments. Rather than betting on which AI company will dominate, David advocates for investing in foundational infrastructure—such as chipmakers and data center providers—that support the entire AI ecosystem.  

The discussion also touches on consumer strength, industrial growth, and the potential normalization of tariffs, which could boost confidence and investment in sectors like commercial construction and pipelines. David emphasizes a bottom-up investment strategy, focusing on individual companies with strong valuations, competitive advantages, and attractive risk-reward profiles. 

Overall, David provides a cautiously optimistic outlook, grounded in strategic positioning and adaptability to global economic shifts. David encourages investors to look beyond market trends and focus on companies poised to thrive regardless of broader uncertainties. 

Watch our video to learn more:  

The views expressed in this video are those of Mawer Investment Management Ltd. as at September 17, 2025 and are subject to change without notice.

This video is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice. Prospective investors should review the offering documents relating to any investment carefully before making an investment decision and should ask their financial security advisor for advice based on their specific circumstances.

This video may contain forward-looking information which reflect our or third-party current expectations or forecasts of future events. Forward-looking information is inherently subject to, among other things, risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed herein. These risks, uncertainties and assumptions include, without limitation, general economic, political and market factors, interest and foreign exchange rates, the volatility of equity and capital markets, business competition, technological change, changes in government regulations, changes in tax laws, unexpected judicial or regulatory proceedings and catastrophic events. Please consider these and other factors carefully and not place undue reliance on forward-looking information. The forward-looking information contained herein is current only as of September 17, 2025. There should be no expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

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Publication date: October 30, 2025